Akin Gump Advises on Islamic Finance News’ Regulatory Capital Deal of the Year
(Dubai, United Arab Emirates) – A pair of transactions on which Akin Gump advised have collectively been named Regulatory Capital Deal of the Year at the Islamic Finance news (IFN) Deals of the Year Awards.
The firm advised Kuveyt Turk Katilim Bankasi A.S. (Kuveyt Turk), one of the leading Turkish participation banks majority-owned by Kuwait Finance House, in a debut Tier 1 issuance of $200 million perpetual Tier 1 Certificates (click here to learn more), followed by a $50 million issuance of perpetual Tier 1 Certificates. The combined $250 million of certificates were listed on Euronext Dublin.
IFN noted that the deals, both considered part of a “landmark transaction,” were launched “in particularly challenging market conditions,” yet still ended up as “one of only a small handful of successfully issued regulatory capital issuances out of Turkey.”
The Akin Gump team advising Kuveyt Turk was led by partner Rizwan Kanji and counsel Hamed Afzal.
The IFN Awards honor “the best in the Islamic financial industry and are one of the most prestigious awards highly recognized by the global Islamic capital markets.”
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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